HomeMy WebLinkAboutItem 2a: Accept the donation of $2,000 to the Arcadia Public Library for the Jackie Faust-Moreno trust fund.IFOR,��9'yd
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STAFF REPORT
Library and Museum Services Department
DATE: October 16, 2012
TO: Honorable Mayor and City Council
FROM: Mary Beth Hayes, Director of Library & Museum Services I!
By: Darlene Bradley, Library Services Manager �0
SUBJECT: ACCEPT THE DONATION OF $2,000 TO THE ARCADIA PUBLIC
LIBRARY FOR THE JACKIE FAUST - MORENO TRUST FUND
Recommendation: ACCEPT
SUMMARY
In June, 2012, the family of Jackie Faust - Moreno, former Director of Library and
Museum Services, asked the Library to set up a trust fund in her memory that would be
used to purchase middle school materials. A book plate will be placed in each item
purchased with these funds. Until now, contributions to this account have been between
$25- $50. The Library has recently received a gift of $2,000 specifically for this trust
fund from Mr. Dave Moreno. The purpose of this agenda item is to accept this donation.
BACKGROUND
The Library has historically received small monetary gifts from the community to honor
or remember a person with the purchase of a book. In most cases, these monetary gifts
have gone into the Library Gifts and Grants account, a bookplate has been created and
placed in the designated item and a notation made in the Library catalog. There have
been a very few instances when a larger amount of money has been given for a specific
purpose and a specific trust fund has been set up. This allows additional money to be
donated over time to that specific trust fund for a specific purpose as in this case.
DISCUSSION
Since June, several donations have come in specifically for the Jackie Faust - Moreno
Trust Fund. These donations have been in the $25 -$50 range. A trust account was set
up with the City's Finance Department and this account will be tracked through the
City's Pentamation accounting system, thus providing an established accounting
mechanism for tracking and for transparency purposes. Donations to the Jackie Faust-
ACCEPT THE DONATION OF $2,000 TO THE ARCADIA PUBLIC LIBRARY FOR THE
JACKIE FAUST - MORENO TRUST FUND
OCTOBER 16, 2012
Page 2 of 2
Moreno Trust Fund enable the Library to honor the family's wishes by using the
donations for middle school materials which was an area of particular interest to Jackie
Faust - Moreno.
Recently, Mr. Dave Moreno presented a check to the Library staff in the amount of
$2,000 to help fund the Trust in his late wife's name. By accepting this donation, it will
be placed in the Jackie Faust - Moreno Trust Fund to be used directly by the Library to
purchase middle school materials.
FISCAL IMPACT
The acceptance of the $2,000 donation would be a positive fiscal impact for the Library.
It will provide additional revenue to specifically purchase middle school materials for the
Library collection.
RECOMMENDATION
It is recommended the City Council accept the donation of $2,000 to the Arcadia Public
Library for Jackie Faust - Moreno Trust Fund.
Approved:
Domini
C ity Manager